Weeks-to-multi-quarter structural commentary on the US natural gas market. Built on a structural mechanic — capacity buildout, marginal-producer economics, demand-side shift, policy-as-price-band transmission — and defensible at source level on every load-bearing claim.
Henry Hub Horizons
Policy is supposed to bound the Henry Hub band. With both levers idle, the transmission mechanism is muted and the band runs wider than the floor implies.
Henry Hub Horizons
Storage enters summer 144 Bcf above the five-year average. EIA says it ends the season above; NGSA says below. The injection season is the referee.
Henry Hub Horizons
Hyperscaler behind-the-meter gas demand is now on the order of 100 GW announced. It pulls gas from the market but not through the dispatch system traders forecast on.
Henry Hub Horizons
NOAA's 2026 Atlantic outlook is below-normal. The Gulf Coast LNG footprint is structurally larger than at Hurricane Laura. The asymmetry, explained.
Henry Hub Horizons
EIA cut HH 2027 to $3.18 in May. EIA also says Haynesville must grow +1.6 Bcf/d that year. The Haynesville cost stack will tell whether the revision overshot.
Henry Hub Horizons
U.S. gas exports run through three LNG corridors now, not one. The third, through Mexico, doesn't show up in U.S. LNG export accounting. The molecules go anyway.
Henry Hub Horizons
Today the marginal Permian molecule prices at Waha. After the takeaway wave, it prices at Henry Hub. That migration is the structural story Permian analysis is missing.
Henry Hub Horizons
AI load makes Henry Hub power burn a two-regime question through 2030. The hinge is where the load clears, and on which side of the meter.
Henry Hub Horizons
The US is on track to add 7 Bcf/d of LNG export capacity through end-2027. The price impact depends on the regime. The corridor impact arrives regardless.
